400 Narragansett Pkwy APT WB10WarwickRI02888
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Warwick at 400 Narragansett Pkwy APT WB10, Warwick, RI, 02888 earns from $1,931/mo rent with a $1,346/mo payment. Total monthly income totals $1,931/mo. ROI tracks 17.38% on current figures, and rental yield reads 8.43% at a $274,900 purchase. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 over five years. Five-year ROI reaches 91.3% and total cumulative return in cash sums $83,199. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,931/mo property income instead of your personal income.
Condo
Built in 1965
7.01 Acres lot
$N/A/sqft
$329 monthly HOA
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Nearby investment properties with comparable prices
Listed by: The Peter Izzi Team • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1382285
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.